daxlong

It looks like DAX 30 (German Index) has just completed an A-B-C corrective Wave 4 (The circled Blue Wave iv) and hence we can expect good upside in the coming sessions.
From an alternate perspective it is also possible that the Wave iv of Wave (c) is still continuing as a Triangle or some other corrective structure, hence it would be best to look for longs only ...

DAX created a double bottom the last days and also created a W Chart formation, which is shown in the chart. The formation made a retracement to 78% which is pretty much and should give the power to reach the area of 12680 and maybe 12800.
Trade can be entered at 12500 with tartet 12680 and stop 12380.

I wrote a few days ago regarding a potential short setup, which has now materialised. The question is where will this end and are we going to see a bounce-back from this all-time highs. Price action will show, but for now I am short

BULL dvg in MOM , RSI & MACD in 60min chart, often be a bullish sign.
BUT it's obviose a HS topformation, so here we have to be careful,
and watch careful for bearish sign's again, and if it turn down again....
This could also be used for a new better short-position again,
if that should appear :)
If it stay's over 650-700, that could also be even a stronger ...